CDL Hospitality Trusts

SGX:J85 Stock Report

Market Cap: S$1.1b

CDL Hospitality Trusts Valuation

Is J85 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of J85 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: J85 (SGD0.86) is trading below our estimate of fair value (SGD0.97)

Significantly Below Fair Value: J85 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for J85?

Key metric: As J85 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for J85. This is calculated by dividing J85's market cap by their current earnings.
What is J85's PE Ratio?
PE Ratio8.5x
EarningsS$126.74m
Market CapS$1.09b

Price to Earnings Ratio vs Peers

How does J85's PE Ratio compare to its peers?

The above table shows the PE ratio for J85 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.7x
ACV Frasers Hospitality Trust
55.5x24.1%S$1.1b
Q5T Far East Hospitality Trust
10.5x-14.9%S$1.2b
HMN CapitaLand Ascott Trust
13.9x-8.9%S$3.3b
O5RU AIMS APAC REIT
23x21.1%S$1.0b
J85 CDL Hospitality Trusts
8.5x-28.7%S$1.1b

Price-To-Earnings vs Peers: J85 is good value based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (25.7x).

Price to Earnings Ratio vs Industry

How does J85's PE Ratio compare vs other companies in the Asian Hotel and Resort REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
J85 8.5xIndustry Avg. 11.2xNo. of Companies5PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: J85 is good value based on its Price-To-Earnings Ratio (8.5x) compared to the Asian Hotel and Resort REITs industry average (11.2x).

Price to Earnings Ratio vs Fair Ratio

What is J85's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

J85 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.5x
Fair PE Ratio12.6x

Price-To-Earnings vs Fair Ratio: J85 is good value based on its Price-To-Earnings Ratio (8.5x) compared to the estimated Fair Price-To-Earnings Ratio (12.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst J85 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentS$0.86
S$1.01
+17.7%
18.7%S$1.48S$0.75n/a12
Dec ’25S$0.85
S$1.02
+19.5%
18.4%S$1.48S$0.75n/a12
Nov ’25S$0.91
S$1.05
+15.6%
16.9%S$1.48S$0.85n/a11
Oct ’25S$1.01
S$1.05
+4.3%
16.1%S$1.48S$0.85n/a11
Sep ’25S$0.94
S$1.03
+10.5%
15.2%S$1.40S$0.85n/a11
Aug ’25S$0.96
S$1.05
+9.1%
15.4%S$1.40S$0.85n/a11
Jul ’25S$0.95
S$1.12
+17.5%
17.8%S$1.48S$0.85n/a11
Jun ’25S$0.98
S$1.12
+13.9%
17.0%S$1.48S$0.85n/a12
May ’25S$0.97
S$1.12
+14.4%
17.0%S$1.48S$0.85n/a12
Apr ’25S$1.01
S$1.12
+10.5%
17.0%S$1.48S$0.85n/a12
Mar ’25S$0.95
S$1.14
+18.8%
16.6%S$1.48S$0.85n/a12
Feb ’25S$1.03
S$1.17
+13.3%
15.6%S$1.48S$0.91n/a13
Jan ’25S$1.11
S$1.18
+6.0%
18.0%S$1.55S$0.88n/a13
Dec ’24S$1.02
S$1.17
+15.0%
18.3%S$1.55S$0.88S$0.8513
Nov ’24S$0.96
S$1.20
+25.3%
17.2%S$1.55S$0.95S$0.9113
Oct ’24S$1.04
S$1.28
+22.8%
16.0%S$1.55S$0.95S$1.0113
Sep ’24S$1.03
S$1.30
+26.1%
14.4%S$1.55S$0.95S$0.9414
Aug ’24S$1.19
S$1.32
+10.6%
13.3%S$1.55S$1.00S$0.9614
Jul ’24S$1.22
S$1.33
+8.9%
13.7%S$1.60S$1.00S$0.9514
Jun ’24S$1.18
S$1.33
+12.8%
13.9%S$1.60S$1.00S$0.9814
May ’24S$1.26
S$1.33
+5.3%
13.4%S$1.60S$1.00S$0.9714
Apr ’24S$1.19
S$1.33
+11.5%
13.4%S$1.60S$1.00S$1.0114
Mar ’24S$1.26
S$1.32
+4.6%
13.8%S$1.60S$1.00S$0.9513
Feb ’24S$1.37
S$1.30
-5.2%
14.2%S$1.60S$1.00S$1.0313
Jan ’24S$1.25
S$1.23
-1.2%
11.4%S$1.45S$0.97S$1.1113
Dec ’23S$1.20
S$1.23
+2.3%
11.9%S$1.45S$0.97S$1.0213

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 10:41
End of Day Share Price 2024/12/31 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CDL Hospitality Trusts is covered by 31 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sandeep MathewBNP Paribas Securities (Asia)
Donald ChuaBofA Global Research
Natalie OngCGS International